SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, D.C.  20549

                                       FORM 10-Q

  (Mark One)

  [X]   QUARTERLY  REPORT PURSUANT  TO SECTION  13 OR  15(d)  OF THE  SECURITIES
        EXCHANGE ACT OF 1934

  For the quarterly period ended:  September 30, 1995

                                            OR

  [ ]   TRANSITION  REPORT PURSUANT  TO SECTION  12 OR 15(d)  OF THE  SECURITIES
        EXCHANGE ACT OF 1934

  For the transition period from___________________to______________________


                              Commission File Number 1-5426.



                                  THOMAS INDUSTRIES INC.
                   (Exact name of registrant as specified in its charter)


               Delaware                                         61-0505332
     (State or other jurisdiction of                        (I.R.S.  Employer
      incorporation or organization)                        Identification No.)


     4360 Brownsboro Road, Louisville, Kentucky                   40207
      (Address of principal executive offices)                  (Zip Code)


  Registrant's telephone number, including area code:  502/893-4600


  Indicate by check mark whether the registrant (1) has filed all reports
  required to be filed by Section 13 or 15(d) of the Securities Exchange Act  of
  1934 during the preceding twelve months (or  for such shorter period that  the
  registrant  was required to  file such  reports), and (2)  has been subject to
  such filing requirements for the past 90 days.     Yes  [X]      No  [ ]

  The number of shares  outstanding of issuer's  Common Stock, $1 par  value, as
  of November 6, 1995, was 10,095,394 shares.


  PART I.  FINANCIAL INFORMATION

  Item 1.  Financial Statements 


                          THOMAS INDUSTRIES INC. AND SUBSIDIARIES
                  CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
                      (Dollars in Thousands Except Amounts Per Share)
                                       (Unaudited)

  <TABLE>
  <CAPTION>

                                     Three Months Ended    Nine Months Ended
                                        September 30         September 30
                                     1995        1994         1995      1994

  <S>                                <C>         <C>        <C>      <C>
  Net sales                          $128,750    $119,035   $373,726 $345,714
  Cost of products sold                91,842      85,098    269,091  249,312
                    Gross profit       36,908      33,937    104,635   96,402

  Other (income) expenses:
    Selling, general, and
      administrative expenses          27,415      26,435     81,449   78,311
    Interest expense                    2,023       2,291      6,213    7,069
    Other                                (133)       (106)       112  (4,029)
      Income before income taxes        7,603       5,317     16,861   15,051
  Income tax provision                  2,901       2,497      6,695    6,174
                      Net income     $  4,702    $  2,820   $ 10,166  $ 8,877


  Per Common Share amounts:
    Net income per share                 $.46        $.28      $1.00     $.88
    Dividends declared per share         $.10        $.10       $.30     $.30
  Weighted average number of
      common shares and common
      share equivalents            10,226,356  10,065,613 10,199,059 10,057,120


   See notes to condensed consolidated financial statements.


  </TABLE>


                          THOMAS INDUSTRIES INC. AND SUBSIDIARIES
                           CONDENSED CONSOLIDATED BALANCE SHEETS
                                  (Dollars in Thousands)

  <TABLE>
  <CAPTION>
                                                    (Unaudited)
                                                    September 30     December 31
  ASSETS                                               1995              1994* 
  <S>                                               <C>              <C>
  Current assets
    Cash and cash equivalents                       $   3,895         $    5,050
    Accounts receivable, less allowance
      (1995--$2,218; 1994--$1,773)                     72,647             61,075
    Inventories:
      Finished products                                32,040             31,417
      Raw materials                                    26,366             29,970
      Work in process                                  11,511             11,515
                                                       69,917             72,902
    Assets held for disposition                         1,134              2,157
    Deferred income taxes                               6,066              5,874
    Other current assets                                7,427              8,297
                               Total current assets   161,086            155,355

  Property, plant and equipment                       150,258            142,060
     Less accumulated depreciation and amortization    76,134             66,098
                                                       74,124             75,962
  Intangible assets--less accumulated amortization     62,041             62,532
  Other assets                                         12,104             11,222
                                       Total assets  $309,355           $305,071

  LIABILITIES AND SHAREHOLDERS' EQUITY
  Current liabilities
    Notes payable                                    $  7,788           $  8,252
    Accounts payable                                   23,914             25,892
    Other current liabilities                          40,992             34,821
    Current portion of long-term debt                   9,023              8,832
                          Total current liabilities    81,717             77,797

  Deferred income taxes                                 7,844              7,684
  Long-term debt (less current portion)                71,161             79,693
  Minimum pension liability                             1,759              1,759
  Other long-term liabilities                           4,219              4,372

  Shareholders' equity
    Preferred Stock, $1 par value,
    3,000,000 shares authorized--none issued
    Common Stock, $1 par value
    Shares authorized:  60,000,000
      Shares issued:  1995--11,455,956;
                      1994--11,447,873                 11,456             11,448
    Capital surplus                                   117,631            117,557
    Retained earnings                                  38,404             31,264
    Minimum pension liability adjustment               (1,045)            (1,045)
    Equity adjustment from translation                   (811)            (2,478)
   Less cost of treasury shares
      (1995 and 1994--1,366,695)                      (22,980)           (22,980)
                                                      142,655            133,766
         Total liabilities and shareholders' equity  $309,355           $305,071
   *Derived from the audited December 31, 1994, balance sheet.
   See notes to condensed consolidated financial statements.

  </TABLE>

                          THOMAS INDUSTRIES INC. AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                        (UNAUDITED)
                                  (Dollars in Thousands)

  <TABLE>
  <CAPTION>
                                                          Nine Months Ended
                                                            September 30
                                                            1995      1994
  <S>                                                      <C>       <C>
  Cash flows from operating activities:
    Net income                                              $10,166    $8,877
    Reconciliation of net income to net cash
    provided by (used in) operating activities:
      Depreciation and amortization                          11,839    11,879
      Deferred income taxes                                    (273)      330
      Provision for losses on accounts receivable               593       797
      (Gain) loss on asset disposal, net                        103    (4,044)
      Changes in operating assets and liabilities
      net of effect of divestitures:
        Accounts receivable                                 (11,554)  (11,418)
        Inventories                                           2,483    (3,029)
        Other current assets                                  2,485     2,250
        Accounts payable                                     (2,161)    6,125
        Accrued expenses and other liabilities                5,285     1,414
        Other                                                   304      (109)
          Net cash provided by operating activities          19,270    13,072

  Cash flows from investing activities:
    Purchases of property, plant, and equipment              (7,942)  (11,723)
   Proceeds from sale of property, plant, and equipment,
      and other assets                                          104    12,708
      Net cash provided by (used in) investing activities    (7,838)      985

  Cash flows from financing activities:
    Payments of short-term debt, net                         (1,168)   (7,326)
    Payments of long-term debt                               (8,534)     (888)
    Dividends paid                                           (3,024)   (3,015)
    Other                                                       139       145
      Net cash (used in) financing activities               (12,587)  (11,084)

        Increase (decrease) in cash and cash equivalents     (1,155)    2,973

          Cash and cash equivalents at beginning of year      5,050     2,364

            Cash and cash equivalents at end of period      $ 3,895   $ 5,337


  See notes to condensed consolidated financial statements.

  </TABLE>


                          THOMAS INDUSTRIES INC. AND SUBSIDIARIES

  NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

  Note A -- Basis of Presentation

  The accompanying unaudited condensed consolidated financial statements have
  been prepared in accordance with generally accepted accounting principles  for
  interim  financial  reporting and  with  the  instructions  to  Form 10-Q  and
  Article 10-01  of Regulation S-X.   Accordingly, they do  not include all  the
  information   and  footnotes   required  by   generally  accepted   accounting
  principles for complete financial statements.

  The results of operations for the nine-month period ended  September 30, 1995,
  are  not necessarily indicative  of the  results that may  be expected for the
  year ending December 31, 1995.  In the opinion  of management, all adjustments
  considered necessary for a  fair presentation have been included.  For further
  information,  refer  to the  consolidated  financial statements  and footnotes
  included in the Company's Annual Report on Form 10-K for the year ended
  December 31, 1994.


  Note B -- Contingencies

  In  the  normal course  of  business,  the Company  and  its subsidiaries  are
  parties  to  litigation; and  when  costs  can  be  reasonably estimated,  the
  Company records appropriate liabilities for such matters.


  Item 2.  Management's Discussion and Analysis of Financial Condition and
           Results of Operations

           Net  sales  during  the  third  quarter  ended  September  30,  1995,
           increased  8% over the third quarter 1994 to $128.8 million.  For the
           nine  months ended September 30, 1995, net  sales were 8% higher than
           the first  nine months of  1994. Lighting Segment  sales were up  10%
           for  the  third  quarter  over  1994,  due  to  improvements  in  the
           Commercial  &  Industrial  Division.    Compressor  and  Vacuum  Pump
           Segment  sales were  up  5%  for the  third  quarter over  1994,  due
           primarily to new applications for our products in  Original Equipment
           Manufacturer (OEM) markets.

           Net income for  the 1995 third quarter and  first nine months of $4.7
           million and  $10.2 million,  respectively, was higher  than the  $2.8
           million  and  $8.9  million  for  the  comparable  periods  in  1994;
           however,  included in  the 1994  results was  a gain  of $3.0 million
           from the  sale of non-core businesses during the second quarter and a
           $.7 million gain due to  LIFO inventory layer reductions.   Exclusive
           of  the $3.0 million  gain, net  income in 1995  improved 67% and 73%
           over the third quarter and  first nine months of  1994, respectively,
           due  primarily to the improved  performance of  the Lighting Segment.
           Operating income from the  Compressor and Vacuum Pump Segment for the
           1995  third quarter  and  first nine  months  was slightly  below the
           record levels established in 1994.

           Cost of  products sold as a percent of sales was  71.3% and 72.0% for
           the 1995 third quarter  and nine months to date, respectively, versus
           71.5%  and 72.1% for the  comparable 1994 periods.   Gross margins in
           the   Lighting  Segment  in  1995  have  improved  due  to  increased
           efficiencies  and   implementation  of   cost  containment  programs.
           Compressor  and Vacuum Pump Segment margins  are slightly below prior
           year  levels  due  to  material  cost  increases,  competitive margin
           pressures,  and  increased  fixed   cost  associated  with   a  plant
           expansion.

           Selling, general, and administrative costs  as a percent of  sales of
           21.3% and 21.8%  in the third quarter and  first nine months of 1995,
           respectively, were slightly  lower than  the 22.2% and  22.7% figures
           for  the  comparable 1994  periods.    The  ability  to absorb  these
           relatively fixed costs over  a higher sales base accounts for most of
           the improvement.

           Interest expense for the third quarter of 1995 was 11.7%  below 1994,
           with the first  nine months of 1995  down 12.1% compared to 1994  due
           to lower short-term  interest rates in Europe and a decrease in long-
           term debt.

           Working capital  of  $79.4 million  at  September  30, 1995,  was  2%
           greater than  the  $77.6 million  at  December  31, 1994.    Accounts
           receivable  at  September  30, 1995,  have  increased  by  19%  since
           December 31, 1994, due to  seasonal factors and the  additional sales
           volume;  however,   the  number  of  days  sales  in  receivables  at
           September 30, 1995, compared  to December 31, 1994, has improved from
           53.2 days to 49.8 days.

           Inventory  at September  30,  1995, has  decreased from  December 31,
           1994, and September  30, 1994,  levels due  to improved  efficiencies
           and utilization.  Inventory turnover  at September 30, 1995,  of 4.12
           times  per year  has improved over  the prior  December and September
           amounts  of  3.87 and  3.91,  respectively.    The  current ratio  at
           September 30, 1995, was  1.97 compared to 2.00 at  December 31, 1994,
           and 1.92 at September 30, 1994.

           Certain  loan  agreements  of  the  Company  include  restrictions on
           working  capital,  operating  leases,  tangible  net  worth,  and the
           payment of  cash dividends and stock  distributions.   Under the most
           restrictive  of   these  arrangements,  retained  earnings  of  $19.3
           million are not restricted at September 30, 1995.

           As  of September 30,  1995, the Company  had available  credit of $71
           million  with  banks under  short-term  borrowing arrangements  and a
           revolving  line  of  credit, $70  million  of  which  was  available.
           Anticipated funds  from operations,  along with available  short-term
           credit  and other  resources, are expected  to be  sufficient to meet
           cash requirements in  the year ahead.   Cash  in excess of  operating
           requirements  will continue to be invested  in high grade, short-term
           securities.


  PART II.  OTHER INFORMATION


  Item 6.  Exhibits and Reports on Form 8-K

             (a)  Exhibits

                  (27)  Financial Data Schedule

             (b)  There  have been  no reports  on Form  8-K  filed during  the
                  quarter for which this report on Form 10-Q is being filed.




                                    SIGNATURE


  Pursuant to  the requirements  of the  Securities Exchange  Act  of 1934,  the
  registrant has  duly caused  this report to  be signed  on its  behalf by  the
  undersigned thereunto duly authorized.

                                                 THOMAS  INDUSTRIES INC.        
                                                       Registrant


                                           /s/ Phillip J. Stuecker
                                           __________________________________
                                            Phillip J. Stuecker, Vice
                                            President
                                            and Chief Financial Officer

  Date       November 14, 1995